The S&P 500 inched higher again yesterday (June 7), closing at at 2112.13–the highest level since last July. The all-time high— 2130.82 on May 21, 2015—is now within shouting distance. The latest upside momentum gives the bulls fresh confidence for arguing that the bear market is over—or perhaps there was never a bear-market in the first place. In any case, the stock market has mounted an impressive rally since the February bottom and for the moment the upside bias remains intact.
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